Akme Fintrade Allots ₹50 Cr Non-Convertible Debentures

Akme Fintrade (India) Limited announced the allotment of 50,000 Non-Convertible Debentures (NCDs) worth ₹50 Crores in a Board meeting held on September 10, 2026. These are secured, listed, rated, and redeemable NCDs issued on a private placement basis. The Series A1 and A2 debentures have a tenure of up to 24 months with a coupon rate of 11.40% payable monthly, and the principal due on maturity. The company will maintain a security cover of at least 1.10x over loan receivables. Penal interest provisions are in place for payment defaults or covenant breaches.